Philadelphia business owners and those that withhold taxes on employees that live in Philadelphia should take notice that the City of Philadelphia has reduced the City Wage Tax rate effective July 1, 2015.
• The new Wage Tax rate for residents of Philadelphia is 3.9102% (.039102).
• The new Wage Tax rate for non-residents of Philadelphia who are subject to the Philadelphia City Wage Tax is 3.4828% (.034828).
What does this mean to you as an employer of Philadelphia employees?
Any paycheck that you issue with a pay date after June 30, 2015 must have Philadelphia City Wage Tax withheld at the new rate that applies to your employee.
If you have any questions about the new Philadelphia City Wage Tax, please call us at 215-735-2336. We will gladly assist you.